Guideline Value for BHUVANA 2.0

Bhuvana 2.0 guideline value

The current guideline value for Bhuvana 2.0 in Velampalayam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Bhuvana 2.0 has changed

The guideline value for Bhuvana 2.0 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,000 per sq.ft, which is an increase from the 2023 revision of Rs 900 per sq.ft, marking an 11% rise. The register has no figure for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last known figure was Rs 900 per sq.ft. The increase from 2023 to 2024 reflects the current valuation trends in the area, with the guideline value now positioned above the median rate for Velampalayam streets.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 711 per sq.ft, placing Bhuvana 2.0 above this median at Rs 1,000 per sq.ft.

• Black Mariyamman Kovil Veethi: Rs 711 per sq.ft (2024)
• Bharathi Street: Rs 711 per sq.ft (2024)
• Bharathi Puram: Rs 890 per sq.ft (2024)
• Bharathi Nagar: Rs 890 per sq.ft (2024)
• Bharathi Ist Street: Rs 711 per sq.ft (2024)
• Bharathi Iind Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvana 2.0

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhuvana 2.0?

The Sub Registrar Office that covers Bhuvana 2.0 is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are in line with the official valuations set by the registration department.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Bhuvana 2.0?

The current guideline value for Bhuvana 2.0 is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bhuvana 2.0 has increased from Rs 900 per sq.ft in 2023 to Rs 1,000 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Bhuvana 2.0?

Bhuvana 2.0 is classified as Residential Special Type - II, which reflects its intended use for residential purposes.

What are the registration fees for property in Bhuvana 2.0?

The registration fees for a property in Bhuvana 2.0 include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Where can I find the Sub Registrar Office for Bhuvana 2.0?

The Sub Registrar Office for Bhuvana 2.0 is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602. You can find more information about your SRO online.